this is having a huge negative impact on the u.s. economy and it is all right the most sadistic tax code in the word. >>neil: the twin hits will be substantial. a pox on both parties for bringing it to the brink. thank you very much. is congress just trying to wait this thing out until the election results are in? it has south carolina congressman very worried. you have said time is awasting and it is up to both parties to put something together. it doesn't look like they will ahead of the election, and maybe because they think maybe republicans think if romney were elected, maybe embolden by a republican senate they might be able to put a deal together more of their liking and democrats waiting out to re-elect rebound, much the same thing but that limits the amount of time they can do anything, right? >>guest: absolutely. no doubt about it. we find ourselves in dire straits right now. the bottom line is the house of representatives has actedded. it must be clear. on sequestration, the house of representatives has acted. on the count